This was so startling to me I felt I needed to make a separate post.
Bad News For The Bailout - Forbes.com
Need I say more?In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy. "It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
I heard this today, from a story that was posted almost a week ago. That sort of comment from the treasury blows my mind to unbelievable heights in the stratosphere, for reasons that should be quite obvious. This, folks, is the end of my faith/hope that anyone involved in the current slew of issues we are facing has any real competence or integrity. I am waving the white flag and surrendering to the doom and gloom "prophecies" so many people have been making...